FilingsTodayBridgewater Associates
At a glance
One of the largest hedge funds in the world, founded by Ray Dalio in 1975. Its core is macro investing across rates, currencies and the economic cycle, so the US stocks in its 13F are only part of the picture and tend to be spread across ETFs and large caps.
At the end of 2026 Q2, Bridgewater Associates's 13F listed 995 US stocks worth $24.38B. The largest position was State STR Spdr S&P 500 ETF T at 16.3% of the portfolio, and the top 10 made up 40.2%, a moderately concentrated book. The five biggest holdings were State STR Spdr S&P 500 ETF T ($3.97B), Ishares TR ($2.25B), Nvidia ($773.6M), Alphabet ($498.7M) and Broadcom ($497.8M).
Against 2026 Q1, it opened 216 new positions and sold out of 211. The largest new positions were Eversource Energy ($86.4M), AppLovin ($75.5M), Consolidated Edison ($69M) and Nisource ($67M). Among the bigger holdings it added to State STR Spdr S&P 500 ETF T (+21.9% shares), Ishares TR (+12.1% shares) and Vanguard Index FDS (+189% shares). It trimmed Nvidia (-17.6%), Alphabet (-41.4%) and Broadcom (-28.2%). Positions it exited include Cisco Systems, ASE Technology Holding, CoreWeave, Bank of New York Mellon and Primoris Services.
Over 8 quarters from 2024 Q3 to 2026 Q2, the reported portfolio went from $17.66B to $24.38B (+38%) and from 772 to 995 stocks. It was largest at 2025 Q4 ($27.42B). The largest holding changed over the period: Ishares TR, SPY and State STR Spdr S&P 500 ETF T. New positions and exits added up to 2621 over these quarters.
Top 10 by weight
Quarter by quarter (last 8)
| Quarter | Total value | Stocks | New | Exited | Largest |
|---|---|---|---|---|---|
| 2026 Q2 | $24.38B | 995 | 216 | 211 | State STR Spdr S&P 500 ETF T |
| 2026 Q1 | $22.4B | 990 | 223 | 272 | State STR Spdr S&P 500 ETF T |
| 2025 Q4 | $27.42B | 1039 | 194 | 168 | SPY |
| 2025 Q3 | $25.53B | 1013 | 495 | 66 | Ishares TR |
| 2025 Q2 | $24.79B | 584 | 86 | 165 | SPY |
| 2025 Q1 | $21.55B | 663 | 125 | 152 | SPY |
| 2024 Q4 | $21.81B | 690 | 83 | 165 | SPY |
| 2024 Q3 | $17.66B | 772 | - | - | Ishares TR |
Holdings top 60
| Stock | Value | Weight | Share change |
|---|---|---|---|
| State STR Spdr S&P 500 ETF TAdded | $3.97B | 16.30% | +21.9% |
| Ishares TRAdded | $2.25B | 9.22% | +12.1% |
| Nvidia NVDAReduced | $773.6M | 3.17% | -17.6% |
| Alphabet GOOGLReduced | $498.7M | 2.05% | -41.4% |
| Broadcom AVGOReduced | $497.8M | 2.04% | -28.2% |
| Amazon COM AMZNReduced | $482.8M | 1.98% | -53.8% |
| LAM Research LRCXReduced | $406.6M | 1.67% | -40.3% |
| Vanguard Index FDSAdded | $314.8M | 1.29% | +189.0% |
| Advanced Micro Devices AMDReduced | $312.9M | 1.28% | -58.3% |
| IsharesReduced | $279.6M | 1.15% | -21.6% |
| Microsoft MSFTReduced | $265.6M | 1.09% | -34.4% |
| Newmont NEMAdded | $251.7M | 1.03% | +16.3% |
| Applied Materials AMATReduced | $210.7M | 0.86% | -48.0% |
| Oracle ORCLReduced | $210M | 0.86% | -10.0% |
| Seagate Technology Holdings STXReduced | $192.8M | 0.79% | -39.3% |
| Johnson & Johnson JNJReduced | $169.9M | 0.70% | -4.0% |
| Vanguard Intl Equity Index F | $164M | 0.67% | +0.9% |
| GE Vernova GEVReduced | $144.2M | 0.59% | -71.8% |
| Union Pacific UNPReduced | $139.9M | 0.57% | -3.5% |
| Micron Technology MUReduced | $134.7M | 0.55% | -92.1% |
| Ishares TRAdded | $131.1M | 0.54% | +2.0% |
| Altria Group MOAdded | $124.3M | 0.51% | +1.3% |
| Amphenol APHReduced | $123M | 0.50% | -19.2% |
| Asml Holding ASMLReduced | $122.7M | 0.50% | -33.1% |
| Barrick Mining BAdded | $121.4M | 0.50% | +7.3% |
| Celestica CLSReduced | $120.6M | 0.49% | -37.1% |
| Vistra VSTAdded | $119.2M | 0.49% | +115.7% |
| Shell SHELAdded | $118.3M | 0.49% | +388.9% |
| Sea SEReduced | $115.4M | 0.47% | -10.0% |
| Ishares TRAdded | $114.6M | 0.47% | +2.8% |
| Nucor NUEReduced | $114.4M | 0.47% | -17.0% |
| Paccar PCARAdded | $113.6M | 0.47% | +21.8% |
| Western Digital WDCReduced | $110.1M | 0.45% | -30.8% |
| IsharesReduced | $110M | 0.45% | -1.1% |
| CSX CSXReduced | $106M | 0.43% | -6.1% |
| Petroleo Brasileiro S AAdded | $105.4M | 0.43% | +466.9% |
| Apple AAPLReduced | $105.4M | 0.43% | -35.3% |
| ELI Lilly & LLYAdded | $104.4M | 0.43% | +22.9% |
| Pg&e PCGAdded | $99.8M | 0.41% | +24078.9% |
| KLA KLACAdded | $99M | 0.41% | +201.9% |
| Comfort Systems U FIXReduced | $96.1M | 0.39% | -43.9% |
| NXP Semiconductors NXPIAdded | $94.8M | 0.39% | +28.4% |
| Wells Fargo & Company WFCAdded | $94.7M | 0.39% | +21.6% |
| Edison International EIXAdded | $91.9M | 0.38% | +777.1% |
| IsharesReduced | $90.1M | 0.37% | -17.9% |
| Marathon Petroleum MPCAdded | $89.3M | 0.37% | +351.9% |
| Steel Dynamics STLDReduced | $86.8M | 0.36% | -13.6% |
| Eversource Energy ESNew | $86.4M | 0.35% | New |
| TE Connectivity TELAdded | $86M | 0.35% | +26.9% |
| Analog Devices ADIAdded | $80.7M | 0.33% | +269.0% |
| HCA Healthcare HCAAdded | $79.2M | 0.33% | +16.9% |
| Tapestry TPRAdded | $79M | 0.32% | +68.4% |
| AppLovin APPNew | $75.5M | 0.31% | New |
| Valero Energy VLOAdded | $74.2M | 0.30% | +112.7% |
| Citigroup CReduced | $73.2M | 0.30% | -34.1% |
| EOG Resources EOGAdded | $70M | 0.29% | +4190.7% |
| Consolidated Edison EDNew | $69M | 0.28% | New |
| Baker Hughes BKRReduced | $67.7M | 0.28% | -11.7% |
| Nisource NINew | $67M | 0.28% | New |
| TechnipFMC FTIAdded | $65.6M | 0.27% | +294.7% |
Sold out (vs 2026 Q1)
Source: SEC Form 13F. Options and bonds are excluded; multiple lines for the same stock are combined. Stocks are matched by their SEC-registered names.